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To: Katelew who wrote (4050)1/21/2008 9:30:58 PM
From: John Koligman  Respond to of 42652
 
Kate, sorry for the delayed reply, after looking at 5 screens all day long during the week I tend to stay away from the computer on long weekends. I thought Friday might be the day, and was tempted, but I don't like strong opens in this kind of market. Sure enough, it faded badly during the day. Right now, it looks like Europe collapsed, and the futures are forecasting an absolute hammering tommorrow. I'll be up early with my coffee to watch, there will probably be some great ops to scalp countertrend moves as the markets gyrate on Tuesday. Also, probably a fair chance the FED might step in as things look REALLY ugly. Gonna be a wild day, hunker down!!

Good luck,
John

Here are the Dow Futures live at the CBOT with a nice chart. We are back to the lows (off 525 or so):
cbot.com